Senators approved a law extending the zero VAT rate on imports and sales of a number of food products, including meat, butter and potatoes, until April 30
Shavkat Mirziyoyev approved the Development Strategy of Uzbekistan until 2026. One of its directions provides for reducing the tax burden to 25% of GDP, attracting $ 120 billion of investments
FAO together with partners organized trainings in Bozatau
As part of the implementation of the Development Strategy, Uzbekistan plans to halve the poverty rate by the end of 2026, Deputy Prime Minister Jamshid Kuchkarov said
In 2021, Uzbekistan’s foreign trade turnover increased by 16% compared to 2020, reaching $42.1 billion. The volume of exports amounted to $16.6 billion, an increase of 10%, imports – $25.46 billion, which is 20.4% more than in the previous year
Office of the Interim Regional Central Asian Desert Initiative Secretariat opened in Tashkent
Gross international reserves in 2021 increased by $ 235.2 million, or 1%. As the Central Bank notes, this was influenced by the quotations of gold, which fell from $ 1891.1 at the beginning of the year to $ 1799.25. The impact of this fall was $1.06 billion
At the same time, the global average indicator of trade freedom has been declining for the fourth year in a row
According to the World Bank, Uzbekistan’s GDP growth in 2021 reached 6.2%, which corresponds to the World Bank’s October forecast. Economic growth in 2022 and 2023 is expected to be 5.6% and 5.8%, respectively